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Title: American Exceptionalism in a New Light: A Comparison of Intergenerational Earnings Mobility in the Nordic Countries, the United Kingdom and the United States
Resulting in 1 citation.
1. Jantti, Markus
Bratsberg, Bernt
Roed, Knut
Raaum, Oddbjorn
Naylor, Robin
Osterbacka, Eva
Bjorklund, Anders
Eriksson, Tor
American Exceptionalism in a New Light: A Comparison of Intergenerational Earnings Mobility in the Nordic Countries, the United Kingdom and the United States
IZA Discussion Paper No. 1938, The Institute for the Study of Labor (IZA), January 2006.
Cohort(s): NLSY79
Publisher: Institute for the Study of Labor (IZA)
Keyword(s): Britain, British; Cross-national Analysis; Denmark, Danish; Educational Attainment; Family Background; Fathers and Sons; Finland, Finnish; Income Dynamics/Shocks; Intergenerational Patterns/Transmission; Mobility; NCDS - National Child Development Study (British); Norway, Norwegian; Panel Study of Income Dynamics (PSID)

Permission to reprint the abstract has not been received from the publisher.

We develop methods and employ similar sample restrictions to analyze differences in intergenerational earnings mobility across the United States, the United Kingdom, Denmark, Finland, Norway and Sweden. We examine earnings mobility among pairs of fathers and sons as well as fathers and daughters using both mobility matrices and regression and correlation coefficients. Our results suggest that all countries exhibit substantial earnings persistence across generations, but with statistically significant differences across countries. Mobility is lower in the U.S. than in the U.K., where it is lower again compared to the Nordic countries. Persistence is greatest in the tails of the distributions and tends to be particularly high in the upper tails: though in the U.S. this is reversed with a particularly high likelihood that sons of the poorest fathers will remain in the lowest earnings quintile. This is a challenge to the popular notion of "American exceptionalism." The U.S. also differs from the Nordic countries in its very low likelihood that sons of the highest earners will show downward "long-distance" mobility into the lowest earnings quintile. In this, the U.K. is more similar to the U.S.
Bibliography Citation
Jantti, Markus, Bernt Bratsberg, Knut Roed, Oddbjorn Raaum, Robin Naylor, Eva Osterbacka, Anders Bjorklund and Tor Eriksson. "American Exceptionalism in a New Light: A Comparison of Intergenerational Earnings Mobility in the Nordic Countries, the United Kingdom and the United States." IZA Discussion Paper No. 1938, The Institute for the Study of Labor (IZA), January 2006.